on
Forex
- Get link
- Other Apps
Among financial instruments, the Forex market stands out among other investment instruments with a daily trading volume of 5.5 trillion dollars. Investors who want to invest their savings on the forex exchange rate and forex gold are very curious about the functioning of this market. In our article, we will give information about all the details including "what is a forex, the features of the forex market and forex brokers".
What is Forex?
Forex is the abbreviation of the English Foreign Exchange words, which means currency exchange. With Forex, investors can purchase and sell transactions in hundreds of financial products through online platforms.
Advanced and professional online forex platforms such as Meta Trader 4 contains hundreds of product prices. Investors can follow the current market prices on this screen and perform 24 hours of purchase and sale transactions every weekday.
Unlike the stock market and other investment instruments,
the Forex market offers the opportunity to trade with high levels of leverage.
Leveraged transactions allow opening transactions with a volume much higher
than the current deposit amount. For this reason, investors can earn high
profits from high volume transactions.
What is the Forex Market?
It is tried on a leveraged trading exchange that offers Forex market investors the opportunity to earn 24 hours online every weekday. Thanks to the Forex market, it makes it possible to invest in foreign currency, gold, or foreign indices and stocks if desired.
Since the Forex market transaction prices are taken from world-famous banks such as HSBC, Jp Morgan, ICBC, a huge volume of transactions are carried out. For this reason, the prices in the forex market are much more advantageous than the prices received from banks, exchange offices, or jewelers.
The most important feature that distinguishes the Forex market from other investment instruments is seen as leverage. Thanks to the leverage ratio, investors can trade with a volume much higher than their investment amount. If the trading position is carried out in the right direction, high profits can be obtained.
Features of the Forex Market
- Two-way trading opportunity (Buy&Sell)
- Gaining high profits with high leverage
- High volume trading opportunity
- Using the online platform
- Possibility to practice on the demo account
- Chance to invest more than 100 financial instruments
- Less costly transactions with low spreads
- Ability to hedge for protection
- Ability to trade frequently with Scalping
- Opportunity to trade with 5/24 open market
Forex Account Opening
To be able to trade in the Forex market, it is necessary to open a forex account with banks or intermediary institutions. Forex account opening, only identification documents, and address declaration are sufficient. The address statement is considered as an invoice or proof of residence registered in your name.
Forex real account applications can be made online through the websites of Forex companies. Minimum age of 18 is required for the Forex account opening application to be approved. Name and contact information are entered during the application. Then, customer representatives reach you by mail or phone. After the necessary documents and signed forex contracts are sent to the institution, the application process is completed.
Forex account opening documents are checked by the company
and an account is opened. At this stage, a username and password are sent to
you. In this way, it is possible to enter forex platforms. It is recommended to
experiment with forex demo accounts before starting to trade on a Forex real
account.
Forex Demo Account
Free trials can be made with virtual money on Forex platforms. These accounts, which allow trial transactions, are called forex demo accounts. Thanks to Forks demo accounts, investors can practice the market as they wish.
More than 100 products can be bought and sold with Forex
demo accounts. Forex profit and loss calculations are better understood with
the transactions made. Investors can make their decision to trade objectively
by seeing all the gain and loss risks of the forex market.
Forex Training
New investors who will start trading in the Forex market can get detailed information about forex with forex training. Many forex companies offer free Forex training to their investors. Forex training can be either face-to-face or online by phone.
Thanks to Forex training, investors have basic, intermediate, and advanced Forex training. In this way, he has learned in detail what is the forex market, how to trade, what is forex analysis.
In addition to one-on-one forex training, investors can
learn about this market through forex seminars, forex documents, and forex
videos. To make profitable transactions in the Forex market, it is necessary to
research as much as possible and to make a good Forex analysis.
Forex Analysis
To perform successful transactions in the Forex market, correct forex analysis is required. Forex analysis is divided into technical analysis and fundamental. Investors can contribute to forex analysis by following the economic calendar daily.
Technical analysis is used to make future price predictions on the threshold of mathematical data by using the statistics of prices in the past period. With technical analysis, indicators and indicators can be added to the forex platforms. These forex indicators and indicators are interpreted on the charts to help us make a correct investment decision.
The fundamental analysis, on the other hand, is shaped according to the country's economy, socio-cultural structure, political, environmental, and natural disasters. Each country has a unique structure and development process. For this reason, it is necessary to follow the basic analysis data of the country where the Forex exchange rates are linked.
Differences Between Forex and Stock Market
There is more than one feature that distinguishes Forex from the stock market. The first and most important difference is the leverage ratio. If the price of a stock in the stock exchange is $ 10,000, the investor must have $ 10,000 in his account. In other words, purchases can be made up to the balance in the account.
In the Forex market, with the effect of leverage, a position
can be taken with a volume well above the balance. If the leverage ratio is
1:10, it is enough to have
Another difference between Forex and the stock market is the trading hours. There is a certain session duration in the stock exchange, and transactions are not allowed outside that period. However, with Forex, it is possible to work 24 hours a day every weekday. Again, with forex, profit can be gained from both the increase and the decrease in prices. In the stock market, it is earned only from the increase in the stock price.
Forex Brokers
The legal status of Forex brokers is determined by whether they have a license certificate issued by regulators. Transactions with licensed forex brokers are carried out safely and legally.
Investors who want to make their investments with higher leverage and lower balance can open accounts in foreign forex brokers. Forex brokers are divided into legal and illegal companies.
Reliable foreign forex brokers are regulated by reputable audit institutions such as FSA, CySec, and FCA. Therefore, investors who want to open an account in forex companies should check whether they are subject to regulation.
Click here to open an account and start forex trading immediately.
Comments
Post a Comment